The 4-kilometer-long corridor at the project
remains open along strike and at depth.
Skyharbour
Resources Ltd. (SYH:TSX.V; SYHBF:OTCQB) announced in a news release it intersected high-grade uranium in the
Maverick zone and discovered a new target at its flagship Moore project in
the Athabasca Basin in Saskatchewan.
During its winter-spring 2019 diamond drilling program, the company hit
one of the broadest zones of uranium mineralization ever encountered on the
property, and it is one with a basement component. Hole ML19-06 in the zone
returned 0.62% U3O8 over 12 meters (12m) and in the basement rocks
demonstrated 2.5m of 2.31% U3O8.
Skyharbour also discovered a new target, the Otter zone, with potential
for high-grade uranium as well. Otter is about 7 kilometers (7 km) northeast
of Maverick. In Otter, hole ML19-04 returned 0.15% U3O8 over 0.5m in the
basement rocks.
To date, the company has drill tested 2 km of the total 4-km-long Maverick
corridor, leaving discovery potential along strike as well as at depth.
To follow up on the winter-spring results, Skyharbour plans to start
another diamond drill campaign in the coming months. During that, it will
test highly prospective potential feeder zones in the basement rock in the
Maverick corridor and further explore the new Otter zone.
"Skyharbour is well-positioned to benefit from the continuing uranium
market recovery with strong discovery potential and ample upcoming news flow
from its drilling at Moore, as well as from its partner companies' Orano
Canada Inc. and Azincourt Energy's recently announced and upcoming
exploration programs," President and CEO Jordan Trimble said in the
release.
[NLINSERT]
